EVRG vs ZCMD: Correlation
Evergy (EVRG) and Zhongchao Inc. - Class A (ZCMD) show a negative relationship: their 3-year correlation of weekly returns is -0.19.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are EVRG and ZCMD?
Across a 3-year window, the weekly returns of EVRG and ZCMD correlate at -0.19, negative, meaning they tend to move in opposite directions. Lately the two have moved closer together, with the 1-year correlation at -0.07 versus -0.19 over 3 years. Stretching to 5 years gives -0.13, with an annualized covariance of -485.3 %².
Within EVRG's tracked universe of 44 assets, ZCMD comes in at #39 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months EVRG outperformed by 116.8 percentage points (+16.9% for EVRG against -99.9% for ZCMD). One caveat on sizing: ZCMD is 7.9 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
How is this computed?
Pearson correlation on weekly returns: ρ(A,B) = cov(rA, rB) / (σA · σB), over windows of 52, 156 and 260 weeks. Covariance is annualized (×52) and expressed in %². Full definitions on the methodology page.
EVRG vs ZCMD: side by side
| EVRG (Evergy) | ZCMD (Zhongchao Inc. - Class A) | |
|---|---|---|
| 1-year return | +16.9% | -99.9% |
| 5-year return | +46.3% | -100.0% |
| Volatility (ann.) | 17.9% | 141.8% |
| Beta vs S&P 500 | 0.13 | 0.59 |
| Max drawdown (3Y) | -15.8% | -100.0% |
| Market cap | $18.8B | – |
| P/E (trailing) | 20.9 | – |
| Dividend yield | 3.35% | 0.00% |
| Sector / category | Utilities | US Listed |
Year-by-year returns
| Year | EVRG | ZCMD |
|---|---|---|
| 2022 | -4.9% | -35.4% |
| 2023 | -13.3% | -69.5% |
| 2024 | +23.4% | -53.8% |
| 2025 | +22.4% | -72.2% |
| 2026 | +15.2% | -99.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EVRG and ZCMD good diversifiers for each other?
Yes: at -0.19, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between EVRG and ZCMD?
Using weekly returns as of 2026-08-27: -0.19 over 3 years, with -0.07 over the last year and -0.13 over 5 years.
Is ZCMD a good diversifier for EVRG?
Yes: at -0.19, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.19 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/evrg-vs-zcmd.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/evrg-vs-zcmd/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: EVRG correlations · ZCMD correlations
